Archives August 2, 2023

Best shareholder protection insurance services: What is Business Protection Insurance and Do you Need it? Building a business can take many years of work and businesses are often the results of the hard work and passion of entrepreneurs. As well as providing wealth and income for the business owners, businesses are often employers and the employee’s family and dependants rely on the business to provide. Businesses often also contribute to society by providing valuable services and products. Find even more details at https://advice4directors.co.uk/shareholder-protection-insurance/.

Tax Treatment of a Key Person Insurance Policy: Key person insurance is an important tool for businesses, ensuring the continuity of the business in event of sudden death or incapacity of a key employee. The tax implications for key person insurance, however, can be complex. In general, if the company meets certain criteria then it can claim corporation tax deduction on premiums paid. Payouts are typically treated as business revenue and are therefore taxable. However, this is not always the case so you need to ensure you take the right approach from a tax perspective. It is important to consider grossing up any payouts to make sure that the net figure still meets your needs after any applicable taxes are taken into account. We at have extensive experience in this area and can help ensure optimal tax outcomes when it comes to key person insurance policies.

Options Available: When it comes to running a business, financial security is key. That’s why it is important to consider how best to manage funds for insurance policies, such as Business Loan Protection. One option might be to write the policy into a trust – but this may not always be necessary or advisable. A trust is a separate legal entity from your own business and can be used for various purposes such as inheritance planning, or tax mitigation strategies. In some cases however, a trust would actually complicate matters if you needed to make a claim on the policy, since the payout could be held up while in the trust. Therefore, unless there is some specific reason why you need the money to be placed in trust first (for example, if there will be tax due when paying out), it makes more sense to arrange for the payout to go straight to your lender so that they can quickly settle any outstanding debt.

Premium Equalisation: Shareholder Protection Premium Equalisation is an essential aspect of business trust policies. When a group of shareholders decides to take out an own life policy individually, they may need to equalize the premiums paid. This is done to prevent HMRC from considering unequal premiums as a “gift” or “wealth transfer” from those who are paying more to those who are paying less. If HMRC views this as a gift, there could be inheritance tax implications if there is ever a claim.

Shareholder Benefits: Above we looked at how the insured persons spouse or family would benefit but how about the remaining shareholders of the limited company? If we look at the above we mentioned that the insured person’s spouse now owning 33% of the shares that they cannot sell they might instead want to get involved in the business. For the remaining shareholders this can cause a problem as they might not get along with the spouse, the spouse might not have the experience, knowledge and might not be a good fit for the business. This situation can be a threat to the business success.

When an individual or couple take out a mortgage then in most cases they will protect their mortgage with life insurance or life and critical illness. The same principle should apply for business that have loans, overdrafts or other type of commercial loans. However many business owners overlook and forget to cover any outstanding loans. Business loan protection is very similar to key person cover but rather than the sum assured amount covering the loss of income from the death of a key employee instead it covers outstanding debts.

The most common way for insurers to calculate key person insurance premiums and benefits is based on salary multiples; however, sometimes more complex formulae are used. In order to determine an exact amount of coverage that is necessary for a particular business situation, advice should be sought by someone who understands the value of what would be lost with the key individual gone. This may require researching factors such as how hard or easy it would be to replace them, an estimation of how long this process may take and what kind of losses might occur in the meantime regarding profit. Ultimately, with enough consideration and thought given to these issues prior to purchasing key person insurance, this process will remain simple and straightforward. Discover even more info on https://advice4directors.co.uk/.

San Blas sailing tour 2023 and tourism recommendations? Most people have heard of the San Blas Islands, but what they don’t know is that there are lots of other amazing islands to explore from Panama City. In fact, most are much closer which makes them more convenient to visit. Below are the best nearby islands you can do amazing day or multi-day trips to: Taboga Island is one of the closest islands to Pamana City and only takes 30 minutes by ferry to reach. Once on the island, you can either stay for the day or stay at one of the hotels on the island and turn this adventure into a relaxing getaway. The ferry leaves from the Amador Causeway and costs $20 USD for an adult. If you want an even better experience then this all-inclusive half-day catamaran tour is a great option. Find even more details at Darien Gap.

While there are many snorkeling options in the greater Cancun area, few are more unique or more breathtaking than snorkeling in Tulum in the waters of Yal Ku as well as the cenotes in the area. These beautiful, naturally-occurring bodies of water are found inland, tucked away from the currents of the sea. Unique in their geology and dazzling in their array of marine life, Yal Ku Lagoon and the cenotes near Tulum offer a truly one-of-a-kind swimming experience. On our Cenotes Tulum tour, you’ll get the opportunity to explore the popular cenotes near Tulum firsthand with state-of-the-art safety equipment and the expert guidance of our tour leaders. We’ll show you some of the most incredible and easily-navigable Cancun underwater caves while ensuring your safety at every step. We’ll also visit Yal Ku Lagoon, a large, shallow cenote famous for its marine inhabitants—including sea turtles, tropical fish, and more!

For fans of surfing, beaches like El Borrego, Matanchen Bay, Los Cocos, and Las Islitas are ideal for surfing, especially during the summer when the waves reach great heights. At the famous Ramadas (small restaurants) located at the edge of the beach you can find instructors and rent surfboards. Do not miss this opportunity!

The San Blas islands and Guna Indians have been the subject of numerous National Geographic articles. Indeed your experience will be right out of the pages of National Geographic. They offer two unbeatable attractions: Caribbean islands of stunning pristine beauty and an opportunity to visit the Guna people, a living Indian culture with a fascinating culture and way of life. In 2011 Lonely Planet selected San Blas as the #3 tropical paradise in the world: “Look up ‘tropical paradise’ and there will probably be a picture of the Guna Yala archipelago. These small islands (also known as the San Blas Islands) are part of the semi-autonomous territory of the Guna people with are part of the semi-autonomous territory of the Guna people and feature palm trees, gorgeous beaches, thatched huts and timeless charm. Big business hasn’t gained a foothold because the Guna rule the roost, with a series of laws to preserve the natural environment. So no ugly hotels spoiling the view and no package tourism polluting the vibe, just plenty of uninhabited islands to explore.”

Explore rowing on a kayak the beautiful Chagres River before it merges at the Gatun lake where the huge vessels and boats transit from Ocean to Ocean. The Chagres river is the main tributary of water of the Canal. A quite waterway, enjoying the sound of the wild life of this dense tropical forest. You might get the opportunity to see a sloth in a tree, a colorful bird peacefully living in the jungle or at the top the water plants, caimans, turtles among many others species of the local fauna. After a short hike to the small port used by the Embera indigenous at Gamboa, the tour last about 1 hour and 20 minutes (in the kayak) always accompanied by our bilingual guide and probably also by an Embera guide from the area who knows the place better than anyone. Discover even more details on TaoTravel365.

Tao Travel 365 aims to provide its travelers with a “one-stop-shop” for their next great travel adventure. From thoughtfully selected tours and itineraries, to expert travel advice from experts available 24-hours a day, 7-days a week. At Tao Travel 365 we believe in eco-friendly travel preserving the beauties of nature and forming meaningful human relationships with the locals, while adhering to our Tao philosophies that focus on being in balance with yourself and with nature. Every adventure we offer to our customers has been handpicked and personally experienced by Michael and Paola, who value high quality experiences, great prices and excellent customer service.

Panama’s most famous attraction is by far the Panama Canal, connecting the Atlantic and Pacific Oceans. Watching a massive ship, piled high with colorful containers, gliding quietly into the locks reveals the true enormity of this great feat of engineering. Taking a boat tour through the canal gives you even more perspective. If you want to simply see the Panama Canal, the best place to do this is at the Miraflores Locks, about 25 minutes from downtown Panama City. You can see the canal from the five-story visitor center, complete with a small museum, a restaurant, and an IMAX theater in a separate building.